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there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all americans get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big news between these two. dana, we're hearing hints of some mo
with raising rates as long as it's part of that package we described. >> a meeting or a phone call between john boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do not have any indication that it is scheduled right now. never mind the principles, we don't have any word that there has been communications between their staff at all. what's flying out of the public still appears to be flying out of private, which is not a lot. >> the members are going home for a nice long weekend. thanks very much for that. president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next yea
.5% or so top rate that president obama wants to return to which we paid under clinton is very, very popular. republicans should ought not fall on that sword. the democrats are ed e ready to endorse 98% of the hated bush tax cuts. i would call that a win and toss the other 2% overboard. >> there's also a lot of talk here in washington, has been for a couple weeks about false confidence. the false confidence that happened at the end of the election there. the mitt romney people pretty much told a lot of us they were confident it was going to be a long night and that they would win. i want to read you something from the new republic about team romney's internal polling. says the biggest flaw in their polling was the failure to predict the demographic composition of the electorate. the people who showed up to vote on november 6 were younger and less white than team romney anticipated and far more democratic as a result. so i want to ask you, erick, is this sort of a misunderstanding generally that republicans have to address the next time they go into an election about who the voters are going
deductions so the rich pay more anyway. it is looking more like obama is going to get both. he wants rates to go about not 39.6, and he wants to do something on deductions. he wants to go twice a year. what do you think? >> he wants a mix of things and what republicans will see as a compromise is keeping rates going not as high as originally thought, not quite 40% but keeping them lower and including some of those deductions but if obama got everything he wanted that would be $72,000 average on the top 1% households. dennis: senator harry reid said two days ago let's raise tax rates on the rich and that way we have gone without solving fiscal problems. that will raise $80 billion meaning only $1 trillion more to cut or find new revenue. this has not been discussed at all. what do you think? >> exactly right. to do serious long-term debt and deficit reduction you have to do entitlement reform. what this president is feeling is the popular sensibility is polls show the majority of americans don't even want to raise the age on medicare from 65 to 67 and they are using that so they don't have
, they can't do something to bridge this in to a conversation next year. but when president obama says things through tim geithner that he said about raising tax rate and spend additional money, which is crazy, it makes people more concerned that a big overall grand bargain can't be reached next year. >> eric: martin, do you think a grand bargain won't be reached? >> i think it will. talk about what is going on now here first. you know, the president won the election. he campaigned on the basis of higher rates for the taxpayer income earners. no surprise. the republicans are asking shocked that the president is taking a tough line. i think they expect him to roll over and play dead. that is not the way things work in this town. he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement.
to understand is that tax rates are going up on january 1 within obama care. so we're talking about almost a trillion dollars of increases in taxes and fees. >> let's not talk about the democrats for a moment. let's not even talk about what the president's put on the table. let's talk about the republicans. give me specific cuts that republicans would be behind. because we're really short on specifics from the gop. lay out for me, here's what we're willing to cut in terms of entitlements. put it on the table. >> look, there's been a plan in terms of indexing the increases. we are going to have to find a way to reduce the gap between how much medicare costs per person and how much we pay. because it's not going to last. it's going to go broke. >> so let me bring in nan for a second, then. forgive me for cutting you off. tick off for me. as you know, one of the biggest criticisms from the dems, the republicans as much as they're flabbergasted and shock and amazed and -- >> of course we are, dosoledad. the simpson/bowles commission 3-1 expenses to taxes. the plan president boehner sent at 2-1
court of maryland. senator cardin and i recommended judge grimm to president obama with the utmost confidence in his abilities, talent, and competence for the job. and the a.b.a. agreed with us and gave him the highest rating of unanimously qualified. i'd like to thank senators reid and mcconnell for breaking the logjam so that we could bring this to everyone's attention and commend senator leahy for the swift movement through the committee process. i take the -- i've had the opportunity to recommend several judicial nominees, and take my advise and consent responsibility very seriously. i have four criteria. my nominee must have absolute integrity, judicial competence and temperament, a commitment to core constitutional principles, and i ask for a civic engagement in maryland so they're familiar with the lief and -- life and times of the people they will adjudicate over. i mentioned these standards because often i -- i mention these standards often because i mean it. judge grimm does exactly that. he brings the right hard-working values to the bench and the necessary experience, s
Search Results 0 to 11 of about 12 (some duplicates have been removed)